- This topic is empty.
Staples Sells UK Businesses to the Banner Group.
Staples Solutions is continuing its sales strategy in Europe and has sold its UK online and contract business to the Banner Group. Banner is part of the EVO Group.
The stores from http://www.staples.co.uk and http://www.staplesadvantage.co.uk were sold. Since 2016, since the sale of the retail business in Great Britain to Hilco Capital, the existing warehouse and system infrastructure has been too large and too expensive, said Dolph Westerbos, CEO of Staples Solutions, about the background. Over the past two years, sales have been gained and even grown during the Corona crisis, but due to the high fixed costs, the business was in deficit, according to Westerbos. After the sale, Staples Solutions UK will continue to be active in the market as an external logistics service provider, but will part with the existing warehouse.
The Evo Group is active in the British and Irish markets as a wholesaler (VOW) and as a trading company (Banner). Banner UK has grown organically and through acquisitions over the past few years and is a leading supplier of office supplies. In addition to traditional office supplies, solutions and services are offered for the workplace, including cleaning supplies and operating equipment through to furniture, printed matter and office technology. 18,000 shipments are delivered every day.
Author2020-08-17 at 4:24:26 pm
- You must be logged in to reply to this topic.